Bloomberg Surveillance
Bloomberg Surveillance: US Treasury Deputy Secretary Adewale Adeyemo
Feb 23, 2024
Discussing the impact of sanctions on Russia's wartime economy and global business conduct, exploring strategies to target obscure Russian companies. Highlighting international efforts and sanctions in response to Russian aggression, focusing on aiding Ukraine post-conflict with Russian assets and targeting key revenue sources like oil.
08:33
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Quick takeaways
- Sanctions target Russian revenue sources like oil and commodities to hinder military-industrial complex.
- Efforts include leveraging Russian reserves to compensate Ukraine and empower them against Russian aggression.
Deep dives
Impact of Sanctions on Russian Economy
Sanctions imposed on Russia aim to reduce their revenues and hinder their military-industrial complex. By targeting sectors like oil and commodities, Russia's income has been significantly impacted. Despite certain challenges like the use of shadow fleets, the objective remains to force Russia to make tough choices between funding its war efforts and economic stability.
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